Vranos buys big slug of Ellington stock

|About: Ellington Financial LLC (EFC)|By:, SA News Editor

Ellington Financial (EFC) co-CIO Mike Vranos purchased 500K shares of company stock at $23.275 each yesterday, bringing his holdings up to about 2.7M shares.

Ellington has managed to maintain its book value in the face of this year's interest rate and MBS difficulties, and the dividend stands higher today than a year ago. Not surprisingly, the stock has strongly outperformed the broad mREIT sector (though Ellington is a partnership).

SEC Form 4